Nonprofit · EIN 75-2707910
ONWARD & UPWARD INITIATIVE A CHARITABLE TRUST
Tax-exempt · DALLAS, TX 75219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,374,854 | $2,666,841 | -$1,291,987 | $962,569 | $0 | $962,569 |
| December 31, 2023 | 990-PF | $3,511,800 | $2,455,545 | $1,056,255 | $2,573,147 | $32,908 | $2,540,239 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $867,777
- Dividends
- $4,248
- Interest
- $6,277
- Net gain from sales of assets
- $496,581
- Other income
- -$29
Expenses
- Grants and similar amounts paid
- $25,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $2,661,804
- Excise tax on investment income
- $6,978
Balance sheet and other
- Total assets, start of year
- $2,573,147
- Total assets, end of year
- $962,569
- Total liabilities, end of year
- $0
- Net assets, end of year
- $962,569
- Fair market value of assets
- $962,569
- Qualifying distributions
- $2,661,804
- Net investment income
- $507,077
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES J JENSEN 3899 MAPLE AVENUE SUITE 400, DALLAS, TX 75219 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES J JENSEN 3899 MAPLE AVENUE SUITE 400, DALLAS, TX 75219 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3899 MAPLE AVENUE 400, DALLAS, TX 75219-3913
- In care of
- % JAMES JENSEN
- Signed the 990-PF
- JAMES J JENSEN, TRUSTEE
- Phone
- (972) 999-4500
- Return prepared by
- WHITLEY PENN LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 75-2707910
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99Z)
- Assets (IRS master file)
- $962,569
- Income (IRS master file)
- $1,509,910
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,374,854 | $2,666,841 | $962,569 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $3,511,800 | $2,455,545 | $2,573,147 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-2707910).
Questions about ONWARD & UPWARD INITIATIVE A CHARITABLE TRUST
- What is the EIN of ONWARD & UPWARD INITIATIVE A CHARITABLE TRUST?
- The employer identification number (EIN) of ONWARD & UPWARD INITIATIVE A CHARITABLE TRUST is 75-2707910.
- Is ONWARD & UPWARD INITIATIVE A CHARITABLE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to ONWARD & UPWARD INITIATIVE A CHARITABLE TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ONWARD & UPWARD INITIATIVE A CHARITABLE TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ONWARD & UPWARD INITIATIVE A CHARITABLE TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ONWARD & UPWARD INITIATIVE A CHARITABLE TRUST last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of ONWARD & UPWARD INITIATIVE A CHARITABLE TRUST?
- The 990-PF for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does ONWARD & UPWARD INITIATIVE A CHARITABLE TRUST have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,374,854, expenses of $2,666,841 and total assets of $962,569 at year end.
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